Foreclosure Real Estate Market in Geauga County, Ohio
Geauga County, Ohio, offers valuable opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Geauga County is approximately $349,997, reflecting a year-over-year increase of 5.8%. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 40 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $190,000 to $550,000, showcasing diverse investment opportunities.
Economic Overview
The economy of Geauga County is driven by sectors such as manufacturing, agriculture, and small businesses. The unemployment rate in Geauga County is about 3.8%, which is lower than the national average. The median household income in Geauga County is approximately $78,000, reflecting the region's relatively affluent character.
Demographic Profile
Geauga County has a population of around 95,000 people. The demographic composition is predominantly White (about 95%), with a stable population size over recent years. The median age is approximately 44 years, indicating a mature population. This demographic structure influences the demand for various types of housing and services, including healthcare and retirement facilities.
Educational Standing
Education in Geauga County is served by several public school districts, including Chardon Local Schools and Kenston Local Schools. The county's educational attainment is higher than the state average, with about 90% of residents having a high school diploma and around 35% holding a bachelor’s degree or higher. Schools in the area, such as Munson Elementary and Robert C Lindsey Elementary, generally receive excellent ratings, reflecting efforts to maintain strong educational standards.
Unlock your foreclosure investing potential today!
Sign up for a free account in as little as a minute, or connect with our team to see how we can help you achieve your foreclosure investing goals.